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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...But after a fierce and public debate over the takeover, and whether the terms justified a loss of LV’s mutual status, members voted to kill it. Today, mutuals are back on the front foot....
...Inflows to US money market funds hit a record of nearly $1.19tn in the first 11 months of last year, according to data-tracking company EPFR....
...For mutual fund companies, the severity of restrictions on net sales is based on a given fund’s assets under management, with larger funds facing more stringent policing....
...Despite pressures to consolidate, sometimes driven by regulation, mutuals — and smaller friendlies — play a vital role providing access to affordable insurance....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...[was] retirement and somewhat in the insurance channel as well,” Spector said. “So, we just have a much, much larger field force.”...
...Pimco has proposed its first mutual fund-to-ETF conversion, according to a regulatory filing....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The mutual fund company announced it is promoting Ted Maloney, its chief investment officer, to CEO as of January 2025....
...By the year 2000, Fidelity, then the biggest fund company, was managing nearly $1tn, and US mutual funds as a whole had climbed to $7tn in assets....
...European mutual funds have never had two consecutive years of negative fund flows, data from Broadridge shows....
...It’s a better mousetrap . . . Eventually the mutual fund is dead.”...
...In particular, it presents a high hurdle for active managers to outperform cap weighted benchmarks given the narrow opportunity set of winners tilted towards mega-cap companies....
...The mutual, which is owned by its customers as opposed to shareholders, said it was not required to put the takeover to a vote by its members....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...calculations, compared with 62.4 per cent for active mutual funds....
...Cboe Global Markets has asked the Securities and Exchange Commission to allow companies to list exchange traded fund shares of their existing US mutual funds, a rule change sought by several large asset...
...While recognising the hurdles, people familiar with Nationwide’s approach say that its mutual status affords it greater time to pull off the integration than if it were a listed company beholden to shareholders...
...Guinness Atkinson, the first firm to convert a mutual fund to an ETF, is the latest to file for permission to add ETF share classes to its mutual funds....
...A year later, it converted its first set of mutual funds into ETFs....
...MFS Investment Management plans to launch its first exchange traded funds as early as next year, the company has confirmed, bringing the largest holdout mutual fund manager in the US into the ETF market....
...The result is likely to be a significant decline in mutual fund usage,” wrote Rick Wurster, president of Charles Schwab, the broker and mutual fund sponsor....
...The UK’s third largest building society by assets has submitted a bid for Co-op Bank, in a deal that would return the private equity-owned lender to mutual ownership, according to people familiar with the...
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